In today’s competitive healthcare environment CFO’s, Head of Facilities, and Real Estate Directors are looking for ways to implement facility re-purposing projects in a cost effective and strategic manor. A study recently conducted by Health Facilities Management ( HFM ) concluded that nearly 67 percent of all hospitals or health care systems that responded to the survey said they “are either re-purposing a current facility or are currently assessing space for other needs.” The re-purposing of Outpatient facilities is the number one project that are taking place at 34% of all projects.

 

Watchdog ConstructionOne way that these projects are being implemented to ensure maximum result are accomplished, in a cost effective manor, is to utilize a 3rd party project manager. Employing an independent project manager has many benefits such as:

 

Time savings. As you are dealing with your project’s burdensome, distracting details to being a point of contact for all vendors a project manager / owner’s rep. will save you time. As an extension of you, your project manager / owner’s rep. can perform daily/weekly walkthroughs of construction sites, package all invoices, compare them against contracts, submit them to you for approval in one simple package, and process and level the details of the RFP processes for all vendors.

 

Advocate for your best Interests. A truly independent project manager or owner’s rep. will put your project in the proper hands. As an insurance policy, your project manager / owner’s representative will be your only hired hand who is looking out for your bottom line, not theirs. A project manager’s conflict-free counsel and big-picture management will give you a second set of eyes and ears looking out for your best interests and handling your project’s fine details, which will bring you peace of mind.

 

Cost Savings. By providing proven cost-saving strategies, holding all vendors accountable to their contracts, helping you to avoid project pitfalls, and providing intellectual capital about the market place, a project manager / owner’s rep. will save you money throughout your project.

 

If your next project is a medical office building, inpatient or outpatient facility, or senior/assisted living facility, and your goal is to deliver the project on time and under budget, it is vital to bring in an outside project manager / owner’s representative to help you to drive these goals to their maximum result.

 

Stephen Fean
Stephen Fean is the Vice President of Business Development at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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